Security State Bank

U S Hwy #2 7865
Iron River, WI 54847

Notable Rates APY Vs.Others
Savings 0.05% 2.20% →
1-Year CD 0.35% 2.20% →
2-Year CD N.A. 2.20% →
5-Year CD 1.01% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Security State Bank is an FDIC insured institution located in Iron River, WI. It was founded in 1911 and has approximately $0.1 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 9036
Date Established 1911
Assets $0.10 billion
Loans $0.07 billion
Deposits $0.08 billion
Capital $0.02 billion
 

For a more detailed analysis of Security State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - February 22, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $9,999 Learn MoreShow Less
Money Market
0.05% $10,000 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 $99,999 Learn MoreShow Less
Premium Money Market Account
0.10% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.25% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 - Learn MoreShow Less
6 Mo CD
0.20% $10,000 - Learn MoreShow Less
Special: 10 Mo CD
0.50% $5,000 - Learn MoreShow Less
12 Mo CD
0.35% $10,000 - Learn MoreShow Less
18 Mo CD
0.40% $10,000 - Learn MoreShow Less
30 Mo CD
0.60% $10,000 - Learn MoreShow Less
48 Mo CD
0.80% $10,000 - Learn MoreShow Less
60 Mo CD
1.01% $10,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $500 $9,999 Learn MoreShow Less
Special: 10 Mo FIRA
0.50% $5,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.35% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $2,499 Learn MoreShow Less
Int Ckg
0.05% $2,500 $4,999 Learn MoreShow Less

Loan Rates - February 22, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Security State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.284% 3.250% 0.38 $1,070 $1,089 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Security State Bank
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Branches

Security State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Security State Bank Locations


Financial Details

Security State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Security State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Security State Bank U.S. Bank Average
16.01% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2019, Security State Bank had $2,770,000 in non-current loans and $451,000 in owned real estate. To cover these potential losses it had $19,185,000 in equity and $933,000 in loans loss reserves. That gives it a Texas Ratio of 16.01%.

Return on Equity
Security State Bank U.S. Bank Average
6.29% 9.72%

Security State Bank has a Return on Equity of 6.29% versus the BestCashCow average of 9.72%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Security State Bank U.S. Bank Average
18.4% 12.89%

Security State Bank has a Capitalization of 18.4% versus the BestCashCow average of 12.89. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Security State Bank Balance Sheet Analysis

As of September 30, 2019, Security State Bank had assets of $104,282,000, loans of $74,498,000, and deposits of $80,597,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.09 billion
LIABILITIES
Total deposits $0.08 billion
      Interest-bearing deposits $0.07 billion
      Deposits held in domestic offices $0.08 billion
      % insured (estimated) 97.50%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.09 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Security State Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Wisconsin, Security State Bank has a significantly higher percent of Commercial Real Estate, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.45
Multifamily
Mortgages
0.00
Credit Card Loans 0.06
Consumer Auto Loans 0.41
Small Business Loans 0.00
Construction and Development Loans 3.28
Commercial Real Estate 48.75
Commercial and Industrial Loans 22.33
Farm Loans 3.41

Frequently Asked Questions About Security State Bank

Branches and Savings

Is Security State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9036.

Why does Security State Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Security State Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Security State Bank a commercial bank?

Yes

Where are Security State Bank locations?

See branch locations nearby.

Is Security State Bank open on Saturdays?

Is Security State Bank open on Sundays?

What time does Security State Bank open?

What time does Security State Bank close?

Are Security State Bank ATMs Open 24/7?

Do Security State Bank ATMs accept cash deposits?

Can Security State Bank customers use other ATMs?

Do Security State Bank branches have notaries?

Will Security State Bank notarize my document?

What address for Security State Bank should I put for incoming ACH transfers?

Will the Security State Bank branch print checks?

Do Security State Bank checks expire?

Does Security State Bank require US citizenship to open account?

Can Security State Bank close my account?

Does Security State Bank Report to credit bureaus?

Does Security State Bank Use Equifax?

What is Security State Bank's ACH Routing Number?

What is Security State Bank's SWIFT code?

Products

Does Security State Bank offer mortgages?

Compare mortgage rates here.

Does Security State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Security State Bank offer personal loans?

Compare personal loan rates here.

Does Security State Bank offer student loans?

Will Security State Bank cash a check?

Will Security State Bank redeem a savings bond?

Does Security State Bank cash savings bonds?

Will Security State Bank cash money orders?

Can Security State Bank issue a money order?

Does Security State Bank do currency exchange?

Background on The Bank

Who owns Security State Bank?

How long has Security State Bank been around?

Can Security State Bank transfer to other banks?

Does Security State Bank have quick pay?

Does Security State Bank accept rolled coins?

Will Security State Bank accept loose change?

Where is Security State Bank headquarters?

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